Page 3 Advertisements Column 4

Otago Daily Times, Issue 8539, 6 July 1889, Page 3

Wantedsr ATTHEWS lias the best new and old npH B varieties of Seed Potatoes.-Moray pla?e JL _ _. and Mornlngton. v lEA —Best Value in Dunedin at Calcutta receiv and Foochow Tea Company, 119 George street. aUx yasber, manager^^ XJ?S thorn SXHMA CIGARETTES.—Dr Kennedy tende 1 Douglas. Instantaneous Relief. ffi° only, »~—»— »— ~——jiy """"'"gSS engin Prospectns. | af^ p r 6 rTTTT^ ctv s*£ B N K NTHORN n CONSOLID b A d TBD Q.M. COM- jtjb NEfTHOiuf, Central Otabo. Registered under " TheJMining Companies Act Kal 18S6. ; i'Ufinn MAO CAPITAL "• lU' m In 58,400 Shares of 5s each, Th< Application, 6d on Allotment, and four Calls of 3d h. PROVISIONAL DIBKCTOBS: No CHARD H BEOWNE, Esq.. C.E., Engineer ESrM Nan?o btotoCountyOouncii). Q 4SS&wa#T °f the HOSIE, Esq., Saddler. Naseby ?SSE"macbi MAIBMY. Bsq., Hotelkeeper, Lower Kyeburn. CHE BANK OF NEW ZEALAND, Naseby, and Br* ijrancnes. _ BEOKKBS: ■ 29ni A CHAPMAN, ESQ., Princes street, Dunedin — 3SLIE A. NOHMAN. Leven street, Naseby. Legal Manages and Offices : LESLIE A.NOB^a.by(withbranch, i t jfiSßfi" and the proprietors, in order to provide r P ubHo subscription, calUng up 2s per share as ffl^tS^S^^^V^ Fu, n tn Ji mcb are retained by the original proeTquTlly liable for calls in similar proportions. 7ju 1b undoubtedly the most valuable right in tho ''with the £2000 realised from the sale of the 30,000 bares now offered for subscription, the Dircoto™ ropose to erect a complete crushing plant fo the eduction of the vast qu»ntlties of ore irrtheir seve RI al claims, comprising a 10*e»d stamper battery. rltb suitable driving power, two large berdMU,.and irobablv a stone-breaker, with quicksilver tables, ianketstrakes.andall other necessary go d-saving W DDliances Tl c plant will be added to as the claims > Sme further developed, and it is considered pro. .able that It will require a considerable extension tithlnayear or so irom the time of commencing M iPThe tiphe»omenaHy rich character of the quartz _ ned with the improvement in the character of the »« odes as greater depths are attained, warrant the {* h°ve been discovered. On two of -ineso^hafts have £ been sunk as under :-No. 1, 50ft in depth; and No. g 2 ;ioft-ln each instance on stone valued at 2oz per « tin A crashing of unpicked ore from these (ixcavat?ons yieWed 3o7g |odwt of retorted gold, or, approximM*M'ilEmaudloCo!,tUie original prospector!! of tho field, had a trial crushing of live tons of sj«nei from two different shafts ill their claim which yielded Vioz of cold. An Interest in this claim has been recently scld for a large sum of money, and the proprietar v are about to erect a 10-stamper battery .•with *!,<. mvviMrv cold-savlnE appliances. Two of tne present companyl, claim! adjoin this holding on it, western and the other ou Its eastern boundary. The re«f iti the Prospectors' (known as the Golden Crystal) Claim have, in addition to several others, been traced through the leases of the Consolidated hesitation in stating that lit vnmrtin now offered comprehend some of the rfch?st West and 'nost permanent lodes on the EoWfield.aSitho prospect, of the Company aro not excelled by those of any other property yet OPLarße!' tb^dies tlof n'aurlferous oro. practically unlimited in quantity, abound In the Company s leases, aud the facilities for bringing stone to grass are unrivalled ou the field. The Directors desire to draw special attention to tho fact that, the lodes In tho three claims can In every instance be tapped by low-level tunnels giving close on 200 ft of backs. By this means the great expense involved in hoisting and pumping will be diseased with; and as the quartz can be trucked dTect into the battery, Instead of be!n K carted long distances for reduction, a considerable saving will be efOomparedw^h the outlay necessitated in raising and millinE stone in other claims, the Consolidated Company will, by reason of tho natural facilities available, obtain an additional profit on every ton of ore reduced, which may safely bo computed at lOdwt atThe Sus Company, which offer ed 20 000 shares for public subscription, was floated within 13 days, and."nee then surplus applications to the extent of 6000 shares hnve been received; and the scrip, which was selling at 8d and Is, has gone up rapidly to 2s 6d and 3». and many sellers ho ding for a higher nrice. Contiibuting shares are saleable at a profit ol! 100 per cent, premium, The Nenthorn Consolidated Company'? shares have, within a week, risen from 6d (nominal) to Is 6d, and are still ridng, with numerous buyers in the market. To briefly summarise the advaatnges of the present proposal, the Directors would point out* That there are 12 large lodos of auriferous ore within the 90 neros held by the Company; that the capital of the Company is small, the Interest held by the promoters being light, only representing 2s oni 38,400 shares; that no promotion money Is paid for the transfers of the properties, the transferors being satisfied to see the amount derived from the sale ot the 20.000 shares now offered, for subscription exnended in the vigorous development of the claim that magnificent natural facilities, which can be turned to valuable account at little coit, are aval - able, enabling the Company to produce tne maximum quantity of pay-ore at tlw minimum of cost j that Instead of working tha reefi by means of shafts, with all the attendant expensive paraphernalia of - pumping and hoisting machinery, short tunnels at . low levels can be taken from the creek, by means of » which the " country " will be adequately drained without any expense to the Company, and the " ouartz trucked direct into-the battery, Involving 1 very little outlay In handling after it leaves the stopes; that the battery will be erected in the ' immediate vicinity of the works, so that.no expendlture will be rendered necessary for carting the ore 1 lonir distances for reduction ; and that the water- . right aloi.e, which is a very Important feature of the , sctieme is decidedly the roost valuable one on the ', field, placing the Company In a position to crush v ore at low rates. , - taking nil the circumstances into consideration. 1 the Directors have no hesitation In recommonding Z the undertaking as presenting a safe Invostment for \ capital, combined with the certainty that remuneraj tlve returns will be forthcoming at an early stage ol B rt '^S'SSiea by a deposit of 6d pc, Z share, to beforwurded Immediately to any ol thi r brokers of tlio Company. ~ The sharo list will close no soon as the list li !l mlt\ laree number of shares have already beet subscribed for, immediate application is necesaary as in caie of a surplus of applications those mos nrnmntlv lodged will receive the most favourabl "• Sd PeraMo°n. g No application for less than 10 - .hares will be received by the brokers of th j. Company. °J' p Tenders. lie XT ENL E y RIVER BO ABE il li 1". TENDERS will be received at Outram unt ,le FRIDAY, 12th inst., for RIVER KMBANKMKN »r- between Otakia ami Henley (Two Contracts). - Plans and Specifications with Mr Grant, I 'Z Outran,-, and with HOBKM HA y, ._ &Jy Bngineer. TTNION STEAJI SHIP COMPANY O ' U NEW ZEALAND (LIMITKD). ir», TBNDKKS YOU SUPPLIUS. &c. Tliu Compiiiiy invite Tenders until Noon ios- SATUKUAY, the lath Inst., for tho Supply to th. m Steamers and Stores, at Dunedin and Port Ch»lme Biu of U o uiidermentlotwd Hems for a period of Twel - Months from Ist August next, excepting Vegetabl S for which Alternative Tenders wilt bo received I oue year or three years !— MEAT, VEGETABLES, BUKAD and SOONI BISCUITS, HAMS and BACON, POULTJ and E&GS, FISH, MILK. Alternative tenders will be received for Dunei only, Port Chalmers only, or Dunedin and P Chalmers. t Tlig lowest or any tender will not necessarily accepted. Tenders addressed to the Manager, i rDB, endorsed " Tender for ," to be on printed forms only, obtainable at the Compai '• Olliecs, Water street, where all ueoessnry infon tion wilt, be furnished. -~. Dunedin, July Itli, 1889. mffiToiICESUS CONSOLIDATED Q ar | t X COMPANY (LIMITED), NIiNTHOKN. TENDBBSare invited for Supplying this C pauy with a 15-HOKSE FOWEB WINDING I'IJMPING BNGINB and BOILBIt (either Ne' Secoudlmnd). Address tender* to the undersigned on or 1* JULY 13, with nil particulars of the mac llnu Off°red' LESLIE A. NORMAN, j Legal Manag! )<!rM Kasc-hy, June 26,1559.